Indian Energy Exchange

The concept of power exchange in India had its genesis in the year of 2005, post which, Financial Technologies Limited and Multi Commodity Exchange together yielded an application for setting up the nation's first power exchange. Since its development on 9 June 2008, IEX had recorded 37.4 million transactions, the same month that electricity prices on the exchange hit a record low 13 paisa/KWh. In November 2009, IEX won Best E-Enabled Customer Platform at the second annual India Power Awards for developing what was described as "a robust platform for energy trading.

IEX was envisioned as a neutral platform where participants from different segments of the sector may participate and utilize the range of products and services to match their needs. The participants are required to bear a membership and participate in the bid for the respective product/service. The exchange has launched a range of products and are broadly classified as: Day Ahead, Term Ahead, Renewable Energy Certificates, and Energy Saving Certificates(Es Certs)

Controversies

Insider trading

In October 2025, the Securities and Exchange Board of India uncovered a ₹173 crore (US$18 million) insider-trading scam involving the IEX. A senior Central Electricity Regulatory Commission official allegedly leaked confidential market-coupling information to a former student, who profited by trading IEX put options before a major share-price drop. SEBI froze the gains and barred the accused from market activity pending further investigation.